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TRACECA countries discuss issue of establishing joint fund

Transport Materials 6 October 2022 09:19 (UTC +04:00)
TRACECA countries discuss issue of establishing joint fund
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, October 6. Issue of establishing TRACECA Fund was discussed during the meeting of Permanent Representatives (National Secretaries) of the Permanent Secretariat of the Intergovernmental Commission (PS IGC) TRACECA, Trend reports via PS IGC.

The initiative of establishing the Fund requires further elaboration and restructuring.

"Promotion of this initiative is very important in context of attracting funds to TRACECA countries and implementing investment transport projects. The final draft documents will be submitted for approval during the upcoming meeting of the IGC,"the secretariat said.

Opinions on 12 questions were exchanged, including the assessment of automobile checkpoints, TRACECA route map, the concept of a 'hot line' on border crossing issues, etc.

In addition, a number of draft documents were assessed that require detailed revision and final approval by all countries, including the review 'Legal framework for multimodal transport - an international approach and appropriate application in TRACECA countries', an overview of measures taken to stimulate multimodal transport between Asia and Europe , the issue of Kazakhstan's accession to the TRACECA permit system and a number of others.

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